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Jan 7, 2013 6:00am PST
their buildings more earthquake-resistant and energy efficient. the government is thinking of providing subsidies to manufacturers to build energy efficient plants and factories. the government will help fund these measures with bond offerings totaling around $45 billion. the cabinet is expected to approve the supplementary budget in mid-january. >>> the year 2013 has kicked off with a bit of optimism for japanese business leaders. the yen is weaker and the stock market stronger. many of them are hoping for a brighter year in the economy. prime minister abe joined about 1,700 company executives to toast the new year in tokyo on monday. three major japanese business associations have been holding the new years party every year. >> translator: i'm hoping that the business environment will provide a tail wind for us. and i'd like to see the economy pick up this year. >> translator: the japanese economy has hit rock bottom. neighboring asian economies are expanding significantly. japan must seize this opportunity to revitalize itself. it's our last chance. >>> business leaders have seen the nikkei go
Jan 8, 2013 6:00am PST
proof. it also includes measures to help businesses invest in facilities for renewable energy and expand overseas. it will also improve the health care system. the emergency economic measures are expected to total over $225 billion. there will be a shortfall of around $55 billion. the government has decided to make up the difference with government bonds for construction purposes. the government hopes to have the cabinet approve the supplementary budget bill in its meeting on friday. >>> the japanese finance minister says the government will buy bonds to be issued by europe's rescue fund. this is part of a plan to lead the yen lower and spur economic growth. the european stability mechanism or esm was established last october to support debt-strapped countries in the region. >> translator: japan in the future will consider esm bonds an important investment asset. along with other euro denominated bonds issued by major european nations. >> the government plans to use the foreign currency bonds to continue to buying esm bonds. government officials see the moreover as a way to stabilize th
Search Results 0 to 1 of about 2